420 with CNW — The Arguments For, Against Capping THC Concentration

Anyone who consumed cannabis in the ‘80s and ‘90s knows that these days, the compound is much stronger. The controversial plant is now allowed in several countries around the world with more than 40 states in America legalizing it in different ways. As the relatively young state-legal cannabis industry grows and matures, some have raised questions about marijuana’s increasing potency and the effects it may have on developing brains.

THC is the main cannabinoid responsible for cannabis’s intoxicating effects, and as cannabis companies develop more potent products, lawmakers across the country have started talking about potency caps. However, these lawmakers have faced plenty of pushback as the industry is now worth billions of dollars, with most projections predicting continuous growth. For instance, the executive director of Colorado’s Marijuana Industry Group Truman Bradley says potency limits are a “nonstarter,” although he does say that businesses in the cannabis space are open to conversation.

The human brain typically continues developing until a person turns 25, and studies have shown that chronic cannabis use can hamper this process. Potency caps are designed to keep highly potent products away from the hands of children and young adults. Colorado House Speaker Alec Garnett says high-potency products are becoming a problem and lawmakers need to tighten cannabis laws to protect young ones. Parents in Colorado are becoming increasingly worried about high THC products as well, with the left-leaning group Bule Rising Together adding THC potency caps on its agenda.

Additionally, chair and co-chair of the Senate Caucus on International Narcotics Control Senators John Cornyn and Dianne Feinstein issued a report that, among other things, argued for THC caps.

Still, cannabis industry advocates say potency caps are no different from the “reefer madness” of the yesteryears. Dodgy science coupled with irrational fears are the primary drivers behind the debate for THC potency caps, they argue, and cannabis should be treated like any other drug, including alcohol and tobacco. If lawmakers are successful in putting potency caps on marijuana products, advocates predict that people will simply turn to the black market to purchase the compound.

Mentioning the 2019 vaping crisis, which was largely caused by illegal and low-quality THC vaping products, National Cannabis Industry Association’s spokesperson Morgan Fox cautions against forcing customers to go underground for the highly potent cannabis products they’ve become accustomed to.

With more states opting to allow recreational cannabis, the debate surrounding the need for THC potency caps will rage on even stronger. Only time will tell which side comes out on top.

As that debate rages on, a number of companies that operate in the cannabis extracts space, including Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF), will continue to abide by any regulations that are set up to regulate the cannabis sector.

NOTE TO INVESTORS: The latest news and updates relating to Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) are available in the company’s newsroom at https://cnw.fm/PULL

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Featured on BNN Bloomberg’s Market Call

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), operating as Chalice Brands, a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, was featured on Market Call, a weekday program broadcast by BNN Bloomberg where top fund managers and market analysts give their thoughts and top picks. Bruce Campbell, president at StoneCastle Investment Management, fielded questions from a caller in Windsor, Ontario, to give his thoughts on Golden Leaf Holdings. “They’ve had some sort of past issues in the fact that that market is very tough,” Campbell explained, addressing an unlimited number of licenses, a dropping price of cannabis and a previous management team that he indicates wasn’t very diligent in terms of spending. “The new management team that’s taken over are good operators,” Campbell said, explaining that, given a couple of good quarters showing progress in the right direction and cash generation, he believes the stock price will start to move.

To view the broadcast visit, https://cnw.fm/ZrPO5

About Golden Leaf Holdings Ltd.

Golden Leaf Holdings is a premiere consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. GLH operates nationally through Fifth and Root and has operations in Oregon and California. Visitwww.GLHMonthly.com for regular updates.

NOTE TO INVESTORS: The latest news and updates relating to GLDFF are available in the company’s newsroom at https://cnw.fm/GLDFF

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CBDNewsBreaks – VPR Brands LP (VPRB) Enforces IP Patent Rights, Files Lawsuits

VPR Brands (OTC: VPRB), a market leader and pioneer in electronic cigarettes and vaporizers for nicotine, cannabis and cannabidiol (“CBD”), has recently filed three lawsuits to protect it intellectual property (“IP”) rights. The company’s IP includes one of the original patents, dating back to 2009, filed for electronic cigarette technology. The patent covers claims associated with an electric airflow sensor that turns the battery on and off, as well as auto-draw, buttonless e-cigarettes, cigalikes, pod devices and vaporizers using an airflow sensor. The most recent lawsuits bring the total number of lawsuits the company has filed to nine; in the announcement, VPR Brands noted that it expects to file more as almost every company in the vape space offers at least one product using its patented auto-draw technology. The company and its legal counsel is in the process of identifying and notifying more than 50 companies about suspected infringement. “The surge of the vaping category for nicotine, cannabis and CBD in the last few years has reached billions of dollars in sales. That has created opportunities for our patented Auto-Draw technology, which we believe is now preferred by many, if not most consumers,” said VPR Brands CEO Kevin Frija in the press release. “Infringement can be avoided by simply adding a button to the battery. However, the preferred option by consumers to simulate smoking is our buttonless auto draw technology and we believe this is an opportune time to consider licensing, enforcement or potentially a sale of our intellectual property to one of the larger players in the space. Our Patent could be a huge windfall for the company.”

To view the full press release, visit https://cnw.fm/bUBVq

About VPR Brands LP

VPR Brands is a technology company, whose assets include issued U.S. and Chinese patents for atomization related products including technology for medical marijuana vaporizers and electronic cigarette products and components. The company is also engaged in product development for the vapor or vaping market, including e-liquids, vaporizers and electronic cigarettes (also known as e-cigarettes) which are devices which deliver nicotine and or cannabis through atomization or vaping, and without smoke and other chemical constituents typically found in traditional products. For more information, please visit www.VPRBrands.com.

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Signs Agreement with Leading Cannabis Sales Agency

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, through its wholly owned subsidiary, Pure Extracts Manufacturing Corp., is partnering with Cannavolve Inc. The agreement between Pure Extracts and Cannavolve, one of Canada’s premier adult recreational cannabis retail sales agencies, outlines a national cannabis sales solution; Cannavolve will also oversee field-level sales and in-store product knowledge training. In the announcement, Cannavolve officials pointed to the company’s strong track record of building brands in Canada and noted that it looks forward look forward to being part of Pure Extracts’ national growth. “With approximately 2,000 licensed cannabis retailers in Canada and over 650 in each of Ontario and Alberta alone, we are pleased to have entered into this sales representation agreement with an established agency like Cannavolve with their boots-on-the-ground presence in every province,” said Pure Extracts CEO Ben Nikolaevsky in the press release. “There is no substitute for having a regular, in-person, sales presence at the actual point of purchase retail outlet where brand awareness originates.”

To view the full press release, visit https://cnw.fm/E0bVW

About Pure Extracts Technologies Corp.

Pure Extracts features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP standards aiming towards export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. On Sept. 25, 2020, Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act. In addition, the company’s stock began trading on the Canadian Securities Exchange (“CSE”) on Nov. 5, 2020. For more information about the company, please visit www.PureExtractsCorp.com.

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CannabisNewsBreaks – All-Risks Insurance Brokers Ltd Collaborates to Launch Market-Leading Retail Cannabis Store Insurance Program

All-Risks Insurance Brokers, a full-service insurance brokerage, and cannabis insurance broker Fady Kamel today announced a partnership with Senses Cannabis Group to launch an industry leading retail cannabis store insurance product through Burns & Wilcox, a globally recognized leader in wholesale insurance brokerage and underwriting. Senses Cannabis Group powers the largest network of cannabis stores in Ontario, providing group savings, distribution of retail displays, and technology and marketing consultations. In addition to the many current benefits, Senses Cannabis Group members can now take advantage of the insurance expertise of Fady Kamel, from the Erin Mills Branch of All-Risks, who has helped insure large cannabis-licensed producers, processors, consultants, brands and countless retailers. “We are excited to be partnering with Senses Cannabis Group to provide members with a tailored insurance product. The Senses Retail Network is the first of its kind in many ways, including free access for all members,” said Fady Kamel CIP, CRM. “Opening a cannabis store has many challenges and costs. To receive the highest level of service offerings free of charge, all while saving money, is unheard of in the cannabis Industry. Insurance policies will be underwritten through Burns & Wilcox, a globally recognized insurance industry leader, and together with our underwriting expertise and great value-added services we look forward to continue leading the way in the cannabis industry.”

To view the full press release, visit https://cnw.fm/vepa2

All-Risks Insurance Brokers Ltd

All-Risks Insurance Brokers is a full-service insurance brokerage offering a broad array of property, casualty, life, health and investment products and services. It offers customers a choice of high-quality insurance products from a number of reputable and financially secure insurance companies. All-Risks’ philosophy, of offering personalized service in a supportive environment, firmly avoids the industry trend toward an impersonal call centre experience. For more information, visit www.All-Risks.com.

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420 with CNW — Researchers Debunk Lazy Stoner Mentality Surrounding Marijuana Use

A common notion that surrounds marijuana is that cannabis users are indolent individuals who are basically couch potatoes, vegging out while eating snacks in bed.

While the origins of this stereotype aren’t clear, we can at least agree that marijuana helps individuals sleep, which isn’t a bad thing now, is it? Especially if you consider that one-third of all people in America have sleep problems.

Now a recent study has found that it’s not only inaccurate to refer to stoners as lazy, but it’s also not true. As a matter of fact, the study found that frequent and light users of marijuana recorded more physical activity in comparison with non-users, which suggests that cannabis may actually boost physical activity.

The study, which featured more than 2,000 participants who were all adults, was reported in the Harm Reduction Journal.

Combined with prior research done by scientists from the University of Colorado, which discovered that marijuana assisted in exercise routines, these findings add to the already existing evidence that shows that most of the preconceived notions about marijuana users and the effect of the drug on individual’s lives are baseless.

This also means that in lieu of burdening hospitals, as prohibitionists and opponents of marijuana legalization propose, marijuana legalization may have a net positive influence on public health.

Scientists from the Herbert Wertheim School of Public Health and Longevity Science in San Diego as well as the University of California examined the responses submitted for the National Health and Nutrition Examination Survey conducted in the years 2005–2006. The participants of the survey not only had to fill out questionnaires but also have their activity levels measured by accelerometers, which are used to measure the intensity and length of physical activity.

The researchers noted that the study was the first to measure physical activity using accelerometers. In addition, the participants were also classified as either non-, frequent, moderate or light marijuana users. This was dependent on how much marijuana use they reported.

Researchers discovered that the general activity rates of marijuana users did not differ from that of individuals who didn’t use marijuana. They also wrote that in comparison with non-users, frequent marijuana users engaged in more physical activity.

It should be noted that there were some limitations observed by the researchers, among them the fact that marijuana users were younger and had lower BMIs in comparison with non-users. Additionally, half of the marijuana users reported that they smoked cigarettes.

The researchers also found that those who didn’t smoke tobacco were more active.

The scientific proof debunking the lazy stoner mentality couldn’t have come at a better time given that sector players such as RYAH Group Inc. (CSE: RYAH) have gone as far as making a smart inhaler that can help those taking medical marijuana track the dosage of what they consume.

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420 with CNW — Could Cannabis Legalization in New Mexico Hurt Nearby Colorado?

As more states legalize cannabis, the pioneers who launched the first state-legal cannabis sectors in the country may soon see their profits drop due to increasing competition. Colorado, for instance, has had a fantastic run so far. Its recreational cannabis industry has raked in nearly $10 billion dollars and filled the state’s coffers with billions of dollars in cannabis taxes. However, now that next door neighbor New Mexico has legalized recreational marijuana, some cannabis operators in Colorado fear their profit margins will start thinning once New Mexico launches its cannabis industry in 2022.

Colorado launched recreational cannabis sales in 2014, and since then, the state’s cannabis industry has been on fire. Not only has it earned business owners and the state billions of dollars, but it has also helped boost tourism numbers through “cannabis tourism.” Folks from around the country come to Colorado to sample the state’s cannabis products, and some dispensaries in border towns and cities such as Trinidad have come to rely a great deal on out-of-state visitors.

Were their home states to legalize cannabis, these visitors would have no reason to come all the way to Colorado. According to The Other Place is Greener Dispensary general manager Michael Evans, up to 65% of their customers are from out of state with 45% coming from Texas and 20% from New Mexico. When New Mexico launches its cannabis market, he says, his dispensary will be cut off at Raton Pass as customers wouldn’t have to drive all the way to border towns in Colorado for recreational cannabis. They could just get some at a location much closer to home.

Since cannabis business are extremely limited in where they can advertise or sell their products, losing such a large percentage of their clientele would be devastating. In Colorado, for instance, businesses in the cannabis space cannot sell their products at restaurants or clubs. Additionally, cities and municipalities are allowed to ban social consumption of cannabis, and in some cases, they can even forbid dispensaries from operating in their jurisdictions.

New Mexico, on the other hand, allows both indoor and outdoor “cannabis consumption areas,” and people will also be able to consume cannabis in designated casinos, hotels, tobacco stores and cigar bars. For most New Mexico residents who would like to consume cannabis, staying at home would be the much better option.

According to Evans, Colorado businesses that rely heavily on out-of-state visitors will have to offer those consumers incentives to keep them coming. This is the only way they will be able to maintain their sales as more states launch their own cannabis programs.

Cannabis companies such as Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis) in different parts of the country have generally learned to be resilient in the face of the challenges they face, so sector players in Colorado will likely find new ways to thrive despite losing a sizeable fraction of their clientele visiting from out of state.

NOTE TO INVESTORS: The latest news and updates relating to Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis) are available in the company’s newsroom at https://cnw.fm/GAGE

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420 with CNW — How the Cannabis Industry Can Be More Sustainable

A casual look at the cannabis industry will reveal that the sector uses a lot of energy in grow rooms — so is the industry doomed to continue operating in ways that aren’t sustainable? Not at all — several ways are available to “green up” this sector as discussed below.

Switch to sustainable agricultural practices

One sustainable practice is installing a recirculation system for the water used in grow rooms. Such a system would not only capture but also treat any water that would have otherwise been lost as plants are irrigated. Lightshade, a Colorado-based integrated cannabis company, is already doing this, and company officials report they have trimmed their annual water requirement by 1.2 million gallons.

Switching to LED lighting or using a combination of sunlight and HPS lighting can reduce the energy bill significantly as Lost Coast, another Colorado-based marijuana company, will attest.

Cutting back on the use of pesticides and other synthetic agrochemicals will also protect waterways and land from the adverse effects of those chemicals. Growing cannabis organically through enriching soil health reduces cultivation costs while yielding superior products.

Opt for eco-friendly packaging

Each jurisdiction has its own cannabis rules that require the use of RFID tags, security bags and other such packaging restrictions. However, the rules aren’t an excuse to do things in a nonsustainable way, and cannabis companies can opt for sustainable packaging. This includes hemp plastics, glass containers or recycled plastic products.

Why not ask customers to return empty containers once they have used up the cannabis they bought? This will allow those containers to be reused rather than finding their way into landfills. Returning used containers to retailers provides a way for companies to ensure that materials that are recyclable are sent to the appropriate recycling facilities.

Look into sourcing alternative materials

Instead of cannabis users buying isopropyl alcohol to clean bowls and glass pipes, why not switch to a device that covers a pipe’s mouthpiece, thereby filtering out any germs that would have been transmitted to different users indulging as a group?

Moose Labs made such a device, dubbed MouthPeace, long before the pandemic was here, and vendors can be engaged in developing other such alternatives that reduce the carbon footprint of cannabis manufacturing or consumption.

As consumers become increasingly aware of the need to buy cannabis products that are sustainably grown, processed and packaged, going green will yield an even bigger financial dividend for operators who adopt these practices.

A number of companies, including the Chalice brands of Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF), have embraced organic cannabis cultivation, which shows that there is already movement towards sustainability in the industry.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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420 with CNW — Cannabis Legalization Bill Advanced to Montana Governor’s Desk

Montana’s state legislature has approved a legislation that establishes the recreational cannabis program voters had approved during the November 2020 elections and advanced it to the governor’s desk. Last week, the House approved HB 701, which had thrice been modified by the state Senate. The retail sale of recreational cannabis in the state is scheduled to begin early in 2022.

The legislation, which was introduced nearly five weeks ago, has been amended a number of times in both the House and Senate chambers, with some officials voting to prevent it from advancing.

Earlier last week, a group of GOP legislators came together and opposed the form of the legislation that the Senate had come up with after negotiations in the upper chamber. The bill had indicated that home cultivation would be allowed, that a special court to handle expungement cases would be established and that any surplus funds would be directed to conservation easements. As it is currently written, the legislation would also finance a substance abuse alleviation program called HEART Fund, which was proposed by the state’s governor.

House Republicans voted down the legislation because it had not banned home cultivation, eliminated the possibility of a local nonmandatory excise tax and lowered the tax on recreational marijuana sales.

Instead of sending the bill to a special conference committee, legislators decided to suspend House rules and, with the assistance of the legislation’s sponsor Rep. Mike Hopkins, who gave a motion to revisit the vote, approve the legislation.

Rep. Bill Mercer, who had opposed the bill, argued that Montana would be ring-fencing a lot of the projected revenues from the recreational cannabis program, with no knowledge of how much they would be required to spend. He noted that medical cannabis cardholders, who would have had to pay 4% tax as per the legislation, would be less willing to pay for recreational cannabis at the 20 percent rate.

Mercer added that allowing the local-optional excise tax could allow for the establishment of sales taxes, which would be problematic.

Hopkins stated that fellow legislators had to choose between I-190, the measure approved by voters, and his bill, HB 701. He explained that if his legislation hadn’t been approved before the session came to an end, the recreational cannabis market would have been established under the stipulations in the I-190 measure. Hopkins’ bill also includes a clause to utilize recreational cannabis taxes to finance conservation easements in the program called Habitat Montana.

In the end, the bill was passed, and it now heads to the state governor’s desk for enactment into law.

If the bill gets the nod from the governor, Montana could be destined to see the mushrooming of highly competitive cannabis companies, much like what happened in the California marijuana industry. Grapefruit USA Inc. (OTCQB: GPFT) is an example of the entities flying high in California.

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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Provides Update, Plans to Release FY2020 Financials

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) has announced that it will file its 2020 audited financial statement on or before May 31, 2021. In addition, the company released a brief company update featuring highlights of 2020. The update noted that Q4 2020 product sales for the company totaled an estimated CDN $26.5 million, which was a 218% increase over the Q3. The company also completed its acquisitions of Acreage Florida Inc., PV (“PV”) and Mid-American Growers. RWBYF also entered into a definitive agreement to purchase one of only 21 cannabis licenses and operations in Illinois. The company submitted required applications to complete the acquisition of all the assets of PharmaCo. and raised more than US$110 million in the first four months of 2021. In addition the company has either finalized or has entered into definitive agreements for the acquisition of THC-licensed entities in Michigan, Illinois, Florida, California and Massachusetts. The company noted that upon the closing of all planned acquisitions, RWB branded products will be available in six of the top 10 states in the country, measured by cannabis revenue, with sales in 2020 totaling more than $8.8 billion. “Despite our frustration with the delay in releasing our results for 2020, we are thrilled with what we have accomplished over the year, and the first few months of 2021,” said Red White & Bloom Brands CEO and chair Brad Rogers in the press release. “I see a company that has grown from being an arm’s-length investor in Michigan to a footprint that will see RWB deploy its house of brand strategy in six of the most coveted cannabis markets in the United States.”

To view the full press release, visit https://cnw.fm/rGniY

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is positioning itself to be one of the top-three, multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on major U.S. markets, including Florida, Illinois, California, Michigan, Oklahoma and Arizona with respect to cannabis, as well as the United States and internationally for hemp-based CBD products. For more information about the company, please visit www.RedWhiteBloom.com.

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About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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